Question

You have decided to save 15 percent of your income over the next year. Assuming that you bring home $135 a week, how much money will you save during that time?

Answer 1

Answer:

$1,053

Explanation:

The number of weeks in a year = 52

Each week, you bring home $135.

Therefore, the total income for the year will be:

$\begin{gathered} =52\times\ 135 \\ =\ 7,020 \end{gathered}$

Since you have decided to save 15 percent of your income over the next year

The amount that will be saved will be:

$\begin{gathered} =15\%\text{ of 7020} \\ =0.15\times7020 \\ =\ 1053 \end{gathered}$